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Africa: The Race Towards Clean Energy – a World Still Gripped By Coal

eriinfo.com9 hours ago010 mins

United Nations — Global investments in energy exceeded USD 3 trillion in 2024, with at least USD 2 trillion being invested in clean energy technology and infrastructure. Infrastructure. Despite that progress, fossil fuel consumption continues to rise with little sign of slowing. China led in energy transitions investments, accounting for 48 percent, followed by the…

Coal to cash: South Africa gets major boost for energy shift

eriinfo.com4 weeks ago06 mins

A World Bank-linked climate fund has backed South African plans to cut the country’s reliance on coal, unlocking up to US$2.6-billion (R46.8-billion) in financing and giving the nation’s energy transition an unexpected boost. The approval of the updated plan by the Climate Investment Funds, which was stalled after South Africa last year asked to delay…